Workforce Management Technologies Increase Profitability [ Source: Kronos ]
May 2010- IDC Financial Insight’s Analyst Connection discusses how an increase in innovation throughout financial services organizations will drive future success in 2010 and beyond. One key area of focus for financial institutions is the exploration of workforce management. Employees remain a key but often underutilized resource for all financial institutions.

Utilizing workforce management tools and technologies allows institutions to optimize the untapped opportunity their employees represent, not only to reduce cost and increase profitability, ...

Accelerate Insight for Financial Services: Reduce Risk. Stop Fraud. Increase Profits. [ Source: ParAccel ]
October 2010- Financial services organizations face immense hurdles in maintaining profitability, building competitive advantage and meeting service levels for customers and in-house staff. All of these can be severely impacted through a widening variety of risk factors, including regulatory risk, criminal risk, macroeconomic risk, etc. Increased demands from customers, regulators and shareholders are also driving financial services businesses to seek new ways to simultaneously sharpen investing prowess, minimize risk and fraud, and improve compliance and customer service ...

Revenue Leakage -- Opportunity Calling for Banks! [ Source: SunTec Business Solutions ]
February 2009- Revenue Leakage has been a universal phenomenon, gnawing up the profit margins of service and transaction-based industries. Service providers in industries such as telecom have effective revenue assurance solutions to counter this threat. Although executives and managers in the banking industry acknowledge the prevalence of revenue leakage, they are not able to pinpoint its source or quantity. Banks need help in identifying the sources/points of leakage, quantifying the volume of revenue loss and also ...

Four Key User Virtualization Benefits for Financial Services [ Source: AppSense ]
November 2011- This whitepaper discusses the pressures that IT departments at financial institutions face today - working with limited resources (budget and staffing), complying with strict regulatory requirements, coping with a range of security threats and an increasingly mobile workforce, and managing growth from both M&A and organic expansion - and how user virtualization can help face these challenges head on.<br><br> Find out about the benefits realized by innovative ...

Accelerate Insight for Financial Services: Reduce Risk. Stop Fraud. Increase Profits. [ Source: ParAccel ]
October 2010- Financial services organizations face immense hurdles in maintaining profitability, building competitive advantage and meeting service levels for customers and in-house staff. All of these can be severely impacted through a widening variety of risk factors, including regulatory risk, criminal risk, macroeconomic risk, etc. Increased demands from customers, regulators and shareholders are also driving financial services businesses to seek new ways to simultaneously sharpen investing prowess, minimize risk and fraud, and improve compliance and customer service ...

Optimizing the OTC Pricing and Valuation Infrastructure [ Source: FINCAD ]
May 2010- The bespoke nature of OTC derivatives and structured deals makes pricing and risk evaluation an extraordinary challenge. Traditionally, due to prohibitive costs and the limited number of options available, most banks, asset managers, and hedge funds overcame this obstacle by depending on broker-dealers to furnish prices for instruments with more complex payout structures. In recent years, however, the industry has seen banks and investment firms build up their own pricing and valuation capabilities to counter ...

Workforce Management Technologies Increase Profitability [ Source: Kronos ]
May 2010- IDC Financial Insight’s Analyst Connection discusses how an increase in innovation throughout financial services organizations will drive future success in 2010 and beyond. One key area of focus for financial institutions is the exploration of workforce management. Employees remain a key but often underutilized resource for all financial institutions.

Utilizing workforce management tools and technologies allows institutions to optimize the untapped opportunity their employees represent, not only to reduce cost and increase profitability, ...

Building a Scaleable Banking Organizaton [ Source: Metavante Corporation ]
June 2009- Compensation expense accounted for about 44 percent of operating costs for the U.S. banking industry as a whole through March 31, 2009. It is, by far, the largest controllable expense category in most financial institutions and is an obvious target for potential savings during an economic downturn. True to form in a recession, overall employment declined by nearly 98,000 full-time equivalent positions, or 4.4 percent of the workforce, in the last 12 months in U.S. banks. Total compensation expense ...